VELOCITY.travel, a next-gen business travel brand by wtfares, has secured an Angle round funding from New York-based angel investor Raj Shah at a valuation of USD 10 million pre-money. With plans to launch its revolutionary ZIPPY platform in April 2025, the company aims to redefine corporate travel and lifestyle management globally.
Founded in 2013, wtfares began as a bootstrapped startup, becoming India’s first free flight cancellation platform and expanding into AI-driven holiday planning. In 2023, the company launched VELOCITY.travel, specifically addressing the complexities of business travel, and now serves over 200 enterprises worldwide, including Clevertap, Aries Agro Ltd, Allcargo Logistics Ltd, Former NYSE PLC, and Haldirams.
Varun Sarda, CEO of VELOCITY.travel, expressed his enthusiasm for the partnership: “This funding is more than just capital; it’s a vote of confidence in our mission to redefine business travel. We’re witnessing the digital revolution in business travel, much like leisure travel in 2004, and with ZIPPY, we aim to transform concierge services for frequent travellers and enterprises alike.”
Vedant Sarda, Chief Product Officer, added, “Our goal is to simplify corporate travel. With this investment, we’ll take VELOCITY.travel to new heights, offering a platform that caters to every aspect of business travel and lifestyle management, setting new industry benchmarks.”
Investor Raj Shah shared his excitement about the potential: “Business travel is a USD 1.5 trillion industry, and VELOCITY.travel is addressing challenges in ways others haven’t. Their platform’s sophistication and scalability are remarkable. I’m thrilled to support them in bringing ZIPPY to the global stage.”
With the introduction of ZIPPY in Q1 2025, VELOCITY.travel aims to deliver a comprehensive travel and lifestyle solution for frequent flyers, SMBs, and businesses worldwide, enhancing both efficiency and cost-effectiveness.
